Performance Forecast - The company expects a positive net profit and a turnaround from losses for the period from January 1, 2025, to June 30, 2025 [1] - The net profit attributable to shareholders is anticipated to increase year-on-year due to the successful acquisition of three companies, which will be included in the consolidated financial statements starting June 30, 2025 [2][1] - The three acquired companies are expected to contribute positively to the company's profitability [2] Accounting and Reporting - The performance forecast has not been audited by an accounting firm [2] - The company has made adjustments to the previous year's figures in accordance with accounting standards due to the acquisition of subsidiaries [1] Strategic Initiatives - The company has implemented various measures to enhance operational efficiency and improve performance, contributing to the expected increase in net profit [2]

Core Viewpoint - The company anticipates a significant decline in net profit for the first half of 2025, projecting a decrease of 66.21% to 77.46% compared to the same period last year [1][2]. Performance Forecast - The company estimates that the net profit attributable to the owners of the parent company for the first half of 2025 will be between 5.57 million and 8.35 million yuan, a decrease of 1.914 million to 1.636 million yuan from the previous year [2]. - The projected net profit attributable to the owners of the parent company, excluding non-recurring gains and losses, is expected to be between -24.70 million and -19.92 million yuan, reflecting a reduction of 664 thousand to 186 thousand yuan year-on-year [2]. Previous Year Performance - In the same period last year, the net profit attributable to the owners of the parent company was 24.71 million yuan, and the net profit excluding non-recurring gains and losses was -18.06 million yuan [4]. Reasons for Performance Decline - The primary reasons for the anticipated decrease in net profit include increased R&D expenditures and higher provisions for bad debts, which have significantly impacted the company's profitability [5].

Group 1 - The company expects to achieve a net profit attributable to shareholders of approximately 21 million yuan for the first half of 2025, marking a turnaround from a loss in the previous year [2][4] - The estimated net profit excluding non-recurring gains and losses is approximately -6.5 million yuan, which represents a significant reduction in losses compared to the previous year [2][4] - The performance forecast period is from January 1, 2025, to June 30, 2025 [3] Group 2 - The previous year's net profit attributable to shareholders was -19.3 million yuan, and the net profit excluding non-recurring gains and losses was -35.1 million yuan [6] - The company has seen stable growth in overall operating income compared to the same period last year, with a significant contribution from its subsidiary, Jiangsu High-tech Industry Investment Co., Ltd., which turned a profit [7] - Non-recurring gains and losses for the current period are estimated at approximately 27.5 million yuan, an increase from 15.8 million yuan in the previous year, primarily due to investment income from overseas subsidiaries [8]

Core Viewpoint - The company anticipates a significant net loss for the first half of 2025, with projections indicating a net profit attributable to the parent company ranging from -28.5 million to -22.8 million yuan [2][4]. Group 1: Performance Forecast - The performance forecast period is set from January 1, 2025, to June 30, 2025 [3]. - The expected net profit attributable to the parent company is projected to be approximately -28.5 million to -22.8 million yuan, while the net profit after deducting non-recurring gains and losses is estimated to be between -30.5 million and -25 million yuan [2][4]. Group 2: Previous Year’s Performance - For the same period last year, the total profit was adjusted to -274.16 million yuan, with a prior adjustment of -274.44 million yuan [6]. - The net profit attributable to the parent company was adjusted to -391.69 million yuan, with a prior adjustment of -391.96 million yuan [7]. - The earnings per share were adjusted to -0.215 yuan, consistent before and after adjustments [8]. Group 3: Reasons for Performance Decline - The year 2025 marks a pivotal year for the company, focusing on hotel management and property management as part of its restructuring efforts [9]. - The company aims to enhance its core asset moat while stabilizing its performance foundation, expecting a significant reduction in losses compared to the previous year [9]. - In the second half of 2025, the company plans to improve existing business quality, expand through acquisitions, and enhance operational efficiency and innovation [9].

Group 1 - The company expects a net profit attributable to the parent company for the first half of 2025 to be between -47 million and -67 million yuan, indicating a loss compared to the same period last year [3][4] - The expected net profit attributable to the parent company, after deducting non-recurring gains and losses, is projected to be between -70 million and -90 million yuan [4] - The performance forecast period is from January 1, 2025, to June 30, 2025 [2] Group 2 - The previous year's net profit attributable to the parent company was -58.32 million yuan, and the net profit after deducting non-recurring gains and losses was -60.48 million yuan [6] - The earnings per share for the previous year was -0.128 yuan [7] Group 3 - The primary reason for the expected loss is the seasonal nature of the company's sales, which are heavily influenced by the financial industry, with higher revenues typically occurring in the second half of the year [8]

Group 1 - The company forecasts a net loss attributable to shareholders for the first half of 2025, estimated between -4 million and -2.7 million yuan [2][11] - The net profit attributable to shareholders, excluding non-recurring gains and losses, is expected to be between -4.2 million and -2.8 million yuan [3][11] - The previous year's net profit attributable to shareholders was -3.339 million yuan, and the net profit excluding non-recurring gains and losses was -3.8179 million yuan [5] Group 2 - The primary reasons for the expected loss include intense competition in the industry where subsidiary Zhejiang Zhuangchen operates, and a lack of significant demand increase for traditional mold products, resulting in low gross margins [7] - The subsidiary Hangzhou Huarong Beiruan Technology Co., Ltd. is in a development phase and incurred losses during the reporting period [7]

Meeting Overview - The meeting for the fund holders of the Guangfa Stable Macro One-Year Holding Mixed Securities Investment Fund will be held via communication methods [1][2] - The fund was approved for registration on August 10, 2022, and officially commenced operations on April 6, 2023 [2] - The meeting aims to discuss the proposal for the continuous operation of the fund [4] Voting Details - Voting will take place from July 15, 2025, to August 18, 2025, at 15:00 [2] - Fund holders must submit their completed ballots and required documents to the designated recipient during the voting period [3][9] - Both paper and telephone voting options are available, with specific instructions for each method [10][11] Agenda Items - The main agenda item for the meeting is the proposal regarding the continuous operation of the fund [4][31] - The rights registration date for fund holders to participate in the meeting is set for July 14, 2025 [5] Authorization and Proxy Voting - Fund holders can authorize others to vote on their behalf, with specific requirements for both individual and institutional holders [13][14] - The authorization process includes providing necessary documentation and ensuring compliance with legal regulations [15][16] Voting Validity and Counting - The validity of votes will be determined based on specific criteria, including the completeness of ballots and timely submission [24][25] - The counting of votes will be supervised by authorized personnel and notarized [23] Conditions for Resolutions - A quorum requires that the votes represented by fund holders or their proxies exceed 50% of the total fund shares on the rights registration date [26] - If the meeting does not meet the quorum, a second meeting may be convened [27][28]

Group 1 - The core point of the announcement is that Rongtong Fund has signed a sales agreement with Founder Securities to add Founder Securities as a sales agency for its Rongtong Tongxin Flexible Allocation Mixed Securities Investment Fund starting from July 14, 2025 [1] - The announcement includes details about the applicable fund and business scope, indicating that the fund will offer regular investment and conversion services through the new sales channel [1] - A fee discount will be available for investors who subscribe to the fund through Founder Securities, with specific discount rates to be announced by the sales agency [1][2] Group 2 - The fee discount applies only to the front-end charging model during the normal subscription period and does not include back-end fees or fees during the fund's fundraising period [1] - Investors can only convert fund shares within the same charging model, meaning front-end shares can only be converted to other front-end shares, and back-end shares to other back-end shares [4] - For detailed information about the fund, investors are encouraged to read the fund's legal documents such as the Fund Contract and Prospectus [5]

Core Viewpoint - The announcement details the upcoming listing of the Bosera SSE AAA Technology Innovation Corporate Bond ETF on the Shanghai Stock Exchange, scheduled for July 17, 2025, and provides essential information regarding its operations and investor engagement [1][14]. Group 1: Fund Information - The fund is named "Bosera SSE AAA Technology Innovation Corporate Bond ETF," abbreviated as "Kechuang Bond" [3]. - The fund is managed by Bosera Fund Management Co., Ltd., with the registration and custody handled by China Securities Depository and Clearing Co., Ltd. and CITIC Bank, respectively [3]. - The fund will open for daily subscription and redemption operations starting from its listing date [3][12]. Group 2: Subscription and Redemption Procedures - Investors can submit subscription and redemption requests during normal trading hours on trading days, with specific rules governing the process [4][5]. - The minimum subscription and redemption unit is set at 2,000 shares, subject to adjustments based on market conditions and investor demand [7]. - The fund management may impose limits on daily subscription and redemption amounts to protect existing investors' interests [8]. Group 3: Fees and Costs - Subscription and redemption prices will be determined based on the fund's subscription and redemption list, with a maximum commission of 0.5% charged by brokerage firms [9]. Group 4: Disclosure and Communication - The fund management is obligated to disclose the net asset value and cumulative net asset value of the fund on the following trading day after transactions occur [12]. - Investors can obtain detailed information about the fund by contacting Bosera's customer service or visiting the company's website [13].

Core Viewpoint - The company anticipates a net loss for the first half of 2025 due to adjustments in product settlement models and pricing strategies, leading to decreased revenue and profit margins [1][2]. Group 1: Performance Forecast - The performance forecast period is from January 1, 2025, to June 30, 2025, with an expected net profit in negative territory [1]. - The company has communicated with its accounting firm regarding the performance forecast, and there are no discrepancies noted [1]. Group 2: Reasons for Performance Changes - In the first half of 2025, the company adjusted its product settlement models and cycles to respond to market changes, resulting in a decrease in average sales price for engine products [1]. - This adjustment has led to a decline in both operating revenue and gross margin per engine, causing the operating profit to be insufficient to cover period expenses, thus increasing overall losses compared to the previous year [1]. Group 3: Strategic Initiatives - The company is actively seizing industry development opportunities by optimizing its management system and focusing on customer needs [2]. - Efforts include expanding terminal market outreach and accelerating technological innovation in diesel, hybrid, and gas engine sectors [2]. - The company is also implementing lean operations and optimizing human resources to reduce period expenses [2]. - New business projects centered around smart and green manufacturing are being cultivated, with initial sales of unmanned delivery vehicles and smart agricultural machinery [2]. - Internationally, the company is establishing overseas service centers and trade platforms to enhance export capabilities and overall competitiveness [2].